Natco and Mylan have been collaborating on the development of generic Ozempic products, and Stelis serves as Indian drug maker's manufacturing partner. The settlement marks a significant step forward in their efforts to bring a generic version of this popular diabetes medication to market.
Ozempic, a glucagon-like peptide-1 (GLP-1) receptor agonist, has gained widespread popularity for its effectiveness in managing type 2 diabetes and promoting weight loss. A generic alternative could offer patients more affordable treatment options.
Hyderabad-based Natco Pharma is a vertically integrated pharmaceutical company. The company's consolidated net profit surged 59.05% year-on-year to Rs 668.5 crore in the first quarter of the current fiscal year (Q1 FY25), while revenue from operations increased by 19.47% to Rs 1,362.6 crore compared to the same period last year (Q1 FY24).
Powered by Capital Market - Live News